IoT Testing Equipment Market Size, Share & Trends

IoT Testing Equipment Market Snapshot (2022-2032)

[250 Pages Report] Global IoT Testing Equipment demand is projected to be valued at US$ 2.24 Billion in 2022, forecast to grow at a CAGR of 31.3% to be valued at US$ 34 Billion from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.

Report Attribute	Details
Estimated Base Year Value (2021)	US$ 1.71 Billion
Expected Market Value (2022)	US$ 2.24 Billion
Anticipated Forecast Value (2032)	US$ 34 Billion
Projected Growth Rate (2022 to 2032)	31.3% CAGR

The growing adoption of IoT across the industry is fueling the demand for the IoT testing equipment market. Testing the overall behavior of IoT devices is one of the important parameters for device lifecycle and to ensure the proper functionality of IoT devices. IoT testing equipment monitors and performs various tests to ensure the proper functioning of IoT devices.

IoT testing equipment hardware includes devices such as JTAG Dongle, Software-defined radio, Digital storage oscilloscope, and others. Advantages of IoT testing equipment are improved connectivity, predictive management, remote maintenance, and others. Several developments in the IoT testing equipment concerning technology are expected to drive the growth of the global IoT testing equipment market during the forecast period.

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Which are Some Prominent Drivers Spearheading IoT Testing Equipment Market Growth?

The increasing adoption of IoT devices in the residential, industrial, and commercial sectors is driving the global IoT testing equipment market. The government initiatives such as smart cities, connected buildings, and smart homes are fuelling the global IoT testing equipment market.

The continuous development in infrastructure, increasing adoption of smartphones, and others are also expected to have a positive impact on the growth of the global IoT testing equipment market.

What are the Challenges Faced by the IoT Testing Equipment Industry?

The challenges associated with the growth of the global IoT testing equipment market are the failure in real-time data testing, hardware-software compatibility, and others. However, vendors are continuously focused on the development of advanced IoT testing equipment to overcome the above-mentioned challenges.

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Why is Asia-Pacific Emerging as an Opportunistic IoT Testing Equipment Market?

The Asia-Pacific IoT testing equipment market is likely to observe substantial growth with a CAGR of approximately 13% during the forecast period. The APAC region is estimated to be one of the principal markets for the growth of the IoT market. Owing to the factors such as increasing internet penetration, rising adoption of cloud-based services among small and medium enterprises, and government strategies to encourage digitalization and smart city developments.

Moreover, the induction of high-speed networking technologies has been the key factor driving the market. With the increasing concentration of multinational players in the region and soaring investments, the market for IoT testing equipment is likely to propagate in the forthcoming period.

Why does North America Hold a Significant Share in the IoT Testing Equipment Market?

North America captured nearly 35% share in 2021 and is likely to maintain its dominance throughout the forecast period. The mounting adoption of IoT devices in the residential, industrial, and commercial sectors is propelling the global IoT testing equipment industry. The government initiatives such as smart cities, connected buildings, and smart homes are stimulating the IoT testing equipment market in North America.

Several North American governments are instigating new track review criteria to improve the operational efficiency of railway activities. For instance, in August 2020, the U.S. Department of Transportation's (DoT's) Federal Railroad Administration (FRA) offered to the Federal Register a final rule asserting the usage of ultrasonic inspection technology enabling railroads to execute continuous rail testing activities, which restructured with GPS technology.

The incessant development in infrastructure and swelling adoption of smartphones has placed the IoT Testing Equipment market on a positive growth trajectory in the region.

Market Competition

Some of the key participants present in the global demand of the IoT Testing Equipment market include McGrath RentCorp, Inc., Anritsu, ROHDE&SCHWARZ, Keysight Technologies, Ixia, RIGOL Technologies, Inc., Tekronix, Infostretch Corporation, Shenzhen Te-lead Technologies Co., Ltd, Test IO, and others and other IoT Testing Equipment manufacturers., among others

In July 2020, Mobileum, a US-based provider of analytics-based roaming, network security, and risk management acquired SIGOS for an undisclosed amount. This acquisition will help Mobileum to provide end-to-end testing for 5G and IoT to its customers. SIGOS is a Germany-based provider of active testing and fraud detection technologies.
In Oct 2020, Lenovo launched a set of ThinkIoT Smarter Store Solutions to assist retailers in improving productivity and store safety.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 31.3% from 2022 to 2032
Market Value (2022)	US$ 2.24 Billion
Market Value (2032)	US$ 34 Billion
Base Year for Estimation	2021
Historical Data	2015 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Billion, Volume in Kilotons, and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Product Type Application Region
Regions Covered	North America Latin America Western Europe Eastern Europe SEA and Other APAC China Japan Middle East and Africa
Key Countries Profiled	USA Canada Brazil Mexico Germany UK France Spain Italy Nordics BENELUX Russia Poland Australia & New Zealand India ASEAN GCC South Africa
Key Companies Profiled	McGrath RentCorp, Inc., Anritsu, ROHDE&SCHWARZ, Keysight Technologies, Ixia, RIGOL Technologies, Inc., Tekronix, Infostretch Corporation, Shenzhen Te-lead Technologies Co., Ltd, Test IO, and others.
Customization	Available Upon Request

Key Segments Profiled in the IoT Testing Equipment Industry Survey

IoT Testing Equipment Market by Product Type:

IoT Testing Generators
IoT Testing Oscilloscopes
IoT Testing Protocol Analyzers
IoT Testing Spectrum Analyzers
IoT Testing Network Analyzers
Others IoT Testing Product Types

IoT Testing Equipment Market by Application:

IoT Testing Equipment for Smart Homes
IoT Testing Equipment for Smart Wearables
IoT Testing Equipment for Health Care
IoT Testing Equipment for Connected Factories
IoT Testing Equipment for Connected Vehicles
IoT Testing Equipment for Connected Buildings
IoT Testing Equipment for Other Applications

IoT Testing Equipment Market by Region:

North America IoT Testing Equipment Market
Latin America IoT Testing Equipment Market
Western Europe IoT Testing Equipment Market
Eastern Europe IoT Testing Equipment Market
SEA and Other APAC IoT Testing Equipment Market
Japan IoT Testing Equipment Market
China IoT Testing Equipment Market
Middle East and Africa IoT Testing Equipment Market

Frequently Asked Questions

What is the anticipated growth of the IoT Testing Equipment market until 2032?

FMI projects the global demand of the IoT Testing Equipment market to expand at a 31.2% value CAGR by 2032

Which region is forecast to be the most lucrative for IoT Testing Equipment market growth?

North America is expected to be the most opportunistic IoT Testing Equipment market, expanding at a 7.3% CAGR

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.5.1. Supply Side Participants and their Roles

3.5.1.1. Producers

3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

3.5.1.3. Wholesalers and Distributors

3.5.2. Value Added and Value Created at Node in the Supply Chain

3.5.3. List of Raw Material Suppliers

3.5.4. List of Existing and Potential Buyer’s

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.7.1. Profit Margin Analysis

3.7.2. Wholesalers and Distributors

3.7.3. Retailers

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.9.1. By Key Regions

3.9.2. By Key Countries

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

4. Global IoT Testing Equipment Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

5. Global IoT Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Type

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Type, 2017-2021

5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Type, 2022-2032

5.3.1. Protocol Testing Equipment

5.3.2. Spectrum Testing Equipment

5.3.3. Network Testing Equipment

5.3.4. Other Types

5.4. Y-o-Y Growth Trend Analysis By Type, 2017-2021

5.5. Absolute $ Opportunity Analysis By Type, 2022-2032

6. Global IoT Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Application

6.1. Introduction / Key Findings

6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Application, 2017-2021

6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Application, 2022-2032

6.3.1. Residential Use

6.3.2. Commercial Use

6.3.3. Industrial Use

6.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021

6.5. Absolute $ Opportunity Analysis By Application, 2022-2032

7. Global IoT Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Region

7.1. Introduction

7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021

7.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032

7.3.1. North America

7.3.2. Latin America

7.3.3. Europe

7.3.4. East Asia

7.3.5. South Asia & Pacific

7.3.6. MEA

7.4. Market Attractiveness Analysis By Region

8. North America IoT Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Country

8.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

8.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

8.2.1. By Country

8.2.1.1. U.S.

8.2.1.2. Canada

8.2.2. By Type

8.2.3. By Application

8.3. Market Attractiveness Analysis

8.3.1. By Country

8.3.2. By Type

8.3.3. By Application

8.4. Key Takeaways

9. Latin America IoT Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Country

9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

9.2.1. By Country

9.2.1.1. Mexico

9.2.1.2. Brazil

9.2.1.3. Rest of Latin America

9.2.2. By Type

9.2.3. By Application

9.3. Market Attractiveness Analysis

9.3.1. By Country

9.3.2. By Type

9.3.3. By Application

9.4. Key Takeaways

10. Europe IoT Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Country

10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

10.2.1. By Country

10.2.1.1. Germany

10.2.1.2. Italy

10.2.1.3. France

10.2.1.4. U.K.

10.2.1.5. Spain

10.2.1.6. BENELUX

10.2.1.7. Russia

10.2.1.8. Rest of Europe

10.2.2. By Type

10.2.3. By Application

10.3. Market Attractiveness Analysis

10.3.1. By Country

10.3.2. By Type

10.3.3. By Application

10.4. Key Takeaways

11. East Asia IoT Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Country

11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

11.2.1. By Country

11.2.1.1. China

11.2.1.2. Japan

11.2.1.3. South Korea

11.2.2. By Type

11.2.3. By Application

11.3. Market Attractiveness Analysis

11.3.1. By Country

11.3.2. By Type

11.3.3. By Application

11.4. Key Takeaways

12. South Asia & Pacific IoT Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Country

12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

12.2.1. By Country

12.2.1.1. India

12.2.1.2. ASEAN

12.2.1.3. Australia and New Zealand

12.2.1.4. Rest of South Asia & Pacific

12.2.2. By Type

12.2.3. By Application

12.3. Market Attractiveness Analysis

12.3.1. By Country

12.3.2. By Type

12.3.3. By Application

12.4. Key Takeaways

13. MEA IoT Testing Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Country

13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

13.2.1. By Country

13.2.1.1. GCC Countries

13.2.1.2. Turkey

13.2.1.3. South Africa

13.2.1.4. Rest of MEA

13.2.2. By Type

13.2.3. By Application

13.3. Market Attractiveness Analysis

13.3.1. By Country

13.3.2. By Type

13.3.3. By Application

13.4. Key Takeaways

14. Key Countries IoT Testing Equipment Market Analysis

14.1. U.S.

14.1.1. Pricing Analysis

14.1.2. Market Share Analysis, 2021

14.1.2.1. By Type

14.1.2.2. By Application

14.2. Canada

14.2.1. Pricing Analysis

14.2.2. Market Share Analysis, 2021

14.2.2.1. By Type

14.2.2.2. By Application

14.3. Mexico

14.3.1. Pricing Analysis

14.3.2. Market Share Analysis, 2021

14.3.2.1. By Type

14.3.2.2. By Application

14.4. Brazil

14.4.1. Pricing Analysis

14.4.2. Market Share Analysis, 2021

14.4.2.1. By Type

14.4.2.2. By Application

14.5. Germany

14.5.1. Pricing Analysis

14.5.2. Market Share Analysis, 2021

14.5.2.1. By Type

14.5.2.2. By Application

14.6. Italy

14.6.1. Pricing Analysis

14.6.2. Market Share Analysis, 2021

14.6.2.1. By Type

14.6.2.2. By Application

14.7. France

14.7.1. Pricing Analysis

14.7.2. Market Share Analysis, 2021

14.7.2.1. By Type

14.7.2.2. By Application

14.8. U.K.

14.8.1. Pricing Analysis

14.8.2. Market Share Analysis, 2021

14.8.2.1. By Type

14.8.2.2. By Application

14.9. Spain

14.9.1. Pricing Analysis

14.9.2. Market Share Analysis, 2021

14.9.2.1. By Type

14.9.2.2. By Application

14.10. BENELUX

14.10.1. Pricing Analysis

14.10.2. Market Share Analysis, 2021

14.10.2.1. By Type

14.10.2.2. By Application

14.11. Russia

14.11.1. Pricing Analysis

14.11.2. Market Share Analysis, 2021

14.11.2.1. By Type

14.11.2.2. By Application

14.12. China

14.12.1. Pricing Analysis

14.12.2. Market Share Analysis, 2021

14.12.2.1. By Type

14.12.2.2. By Application

14.13. Japan

14.13.1. Pricing Analysis

14.13.2. Market Share Analysis, 2021

14.13.2.1. By Type

14.13.2.2. By Application

14.14. South Korea

14.14.1. Pricing Analysis

14.14.2. Market Share Analysis, 2021

14.14.2.1. By Type

14.14.2.2. By Application

14.15. India

14.15.1. Pricing Analysis

14.15.2. Market Share Analysis, 2021

14.15.2.1. By Type

14.15.2.2. By Application

14.16. ASEAN

14.16.1. Pricing Analysis

14.16.2. Market Share Analysis, 2021

14.16.2.1. By Type

14.16.2.2. By Application

14.17. Australia and New Zealand

14.17.1. Pricing Analysis

14.17.2. Market Share Analysis, 2021

14.17.2.1. By Type

14.17.2.2. By Application

14.18. GCC Countries

14.18.1. Pricing Analysis

14.18.2. Market Share Analysis, 2021

14.18.2.1. By Type

14.18.2.2. By Application

14.19. Turkey

14.19.1. Pricing Analysis

14.19.2. Market Share Analysis, 2021

14.19.2.1. By Type

14.19.2.2. By Application

14.20. South Africa

14.20.1. Pricing Analysis

14.20.2. Market Share Analysis, 2021

14.20.2.1. By Type

14.20.2.2. By Application

15. Market Structure Analysis

15.1. Competition Dashboard

15.2. Competition Benchmarking

15.3. Market Share Analysis of Top Players

15.3.1. By Regional

15.3.2. By Type

15.3.3. By Application

16. Competition Analysis

16.1. Competition Deep Dive

16.1.1. Anritsu

16.1.1.1. Overview

16.1.1.2. Product Portfolio

16.1.1.3. Profitability by Market Segments

16.1.1.4. Sales Footprint

16.1.1.5. Strategy Overview

16.1.1.5.1. Marketing Strategy

16.1.1.5.2. Product Strategy

16.1.1.5.3. Channel Strategy

16.1.2. ROHDE&SCHWARZ

16.1.2.1. Overview

16.1.2.2. Product Portfolio

16.1.2.3. Profitability by Market Segments

16.1.2.4. Sales Footprint

16.1.2.5. Strategy Overview

16.1.2.5.1. Marketing Strategy

16.1.2.5.2. Product Strategy

16.1.2.5.3. Channel Strategy

16.1.3. Keysight

16.1.3.1. Overview

16.1.3.2. Product Portfolio

16.1.3.3. Profitability by Market Segments

16.1.3.4. Sales Footprint

16.1.3.5. Strategy Overview

16.1.3.5.1. Marketing Strategy

16.1.3.5.2. Product Strategy

16.1.3.5.3. Channel Strategy

16.1.4. RIGOL Technologies

16.1.4.1. Overview

16.1.4.2. Product Portfolio

16.1.4.3. Profitability by Market Segments

16.1.4.4. Sales Footprint

16.1.4.5. Strategy Overview

16.1.4.5.1. Marketing Strategy

16.1.4.5.2. Product Strategy

16.1.4.5.3. Channel Strategy

16.1.5. Tektronix

16.1.5.1. Overview

16.1.5.2. Product Portfolio

16.1.5.3. Profitability by Market Segments

16.1.5.4. Sales Footprint

16.1.5.5. Strategy Overview

16.1.5.5.1. Marketing Strategy

16.1.5.5.2. Product Strategy

16.1.5.5.3. Channel Strategy

16.1.6. Shenzhen Te-lead Technologies

16.1.6.1. Overview

16.1.6.2. Product Portfolio

16.1.6.3. Profitability by Market Segments

16.1.6.4. Sales Footprint

16.1.6.5. Strategy Overview

16.1.6.5.1. Marketing Strategy

16.1.6.5.2. Product Strategy

16.1.6.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

IoT Testing Equipment Market

IoT Testing Equipment Market by Product Type, Application & Region - Forecast 2022 - 2032